It's a ponzi scheme
POSTED: Tuesday, September 13, 2011 - 6:00pm
UPDATED: Friday, September 16, 2011 - 11:56pm
tyler — I was watching the debate last night and laughed out loud when Governor Rick Perry would not back down on the ponzi scheme comments about social security.
Like everyone else who is dissecting this- let's go to Webster's dictionary.
Webster says it's "an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks."
That's what Social Security has become. Even liberal commentator Chris Matthews said the same thing last week.
It is a ponzi scheme.
Let's face it, when FDR came up with this idea most folks died in their 60s. It was supposed to be good for a year or two and then you're gone.
Now people live so much longer.
The entire social security argument has been demagogued so long. Most politicians know all they have to go is say their opponent wants to fiddle with your Social Security and it's supposed to set off a smoke
i have a 90-year old relative out of state that thinks rick Perry wants to pull her social security.
Thats not true.
But this problem has become a mess. It doesn't need to be pulled. It needs to be fixed. You cannot fix things until you admit there is a problem. And anyone who thinks we can keep Social Security going the way it's run right now is is seriously mistaken.
That's my POV, what's yours?
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